Chinese tech giant Tencent on Wednesday reported revenues rose 9% in its first-quarter 2026 earnings, but missed analyst expectations. 

Here’s how Tencent did in its first-quarter earnings for 2026, compared to LSEG analyst forecast data:

• Revenue: 196.5 billion Chinese yuan ($28.9 billion), compared to estimates of 199 billion Chinese yuan.

“We started 2026 by making significant initial progress on our new AI products, as well as continuing to utilise AI to grow our existing core businesses,” Ma Huateng, chairman and CEO of Tencent, said in a statement.

“Our core businesses continued to grow their engagement, revenue and profit, providing the cash flow
to fund our AI investments, as well as use cases for future AI deployment,” he added.

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